Wednesday, January 22, 2014

Steve Keen is a well-known economist who is considered one of the
leading critics of mainstream economics' treatment of debt and money. He
considers himself a post-Keynesian in that he adheres to John Maynard
Keynes' idea that demand matters in the long as well as the short run.
But his focus is debt , and specifically how Hyman Minsky's "financial
instability hypothesis" is reflected in highly indebted economies.

Right now, Dr. Keen is working on an ambitious mathematical model of financial instability called simply, 'Minsky'.
Erin Ade spoke with Dr. Keen about debt generally and private debt specifically as well as the Australian economy.

Also,
Erin Ade and Edward Harrison discuss how Bitcoin purchases at casino
hotels will be processed through BitPay, a service that streamlines
transactions using tablet and mobile interfaces. Could BitCoin itself
crash and burn but the platform and application endure anyway?